BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 636853.8× the size of BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) (WTSGOV) by market capitalisation. Over the past 30 days, FIGR_HELOC is ahead by 2.5 percentage points (WTSGOV +0.5% against FIGR_HELOC +3.0%). Their daily returns move barely together (correlation 0.33 across 26 shared trading days). FIGR_HELOC has been the more volatile of the two, at 52% annualised against WTSGOV's 4%.

Correlation: 0.33
Size ratio: 1 : 636853.8
Ahead over 30 days: FIGR_HELOC

BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF)WTSGOV

$102.0500

24h: +0.11%
Market cap: $43,080
Volume 24h: $286,067
Volatility (ann.): 4%

Figure HelocFIGR_HELOC

$1.0450

24h: +1.51%
Market cap: $27.44B
Volume 24h: $18.93M
Volatility (ann.): 52%

WTSGOV 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

WTSGOVFIGR_HELOC

7 days-0.08%-0.10%WTSGOV
30 days+0.53%+3.00%FIGR_HELOC

Correlation

0.33over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	WTSGOV	FIGR_HELOC
Max drawdown (400d)	-0.7%	-5.5%
Risk-adjusted return (90d)	0.18	0.05

Relative strength over 90 days: FIGR_HELOC outperformed WTSGOV by 1.0% — measured on the WTSGOV/FIGR_HELOC ratio, so it holds regardless of market direction.

BlackRock iShares 0-3 Month Treasury Bond (ST0x Tokenized ETF) →Figure Heloc →